4//SEC Filing
ALTERRA CAPITAL HOLDINGS Ltd 4
Accession 0001185272-13-000004
CIK 0001141719operating
Filed
May 2, 8:00 PM ET
Accepted
May 3, 4:56 PM ET
Size
11.5 KB
Accession
0001185272-13-000004
Insider Transaction Report
Form 4
NEWHOUSE STEPHAN F
Director
Transactions
- Exercise/Conversion
Common Shares
2013-05-01$18.50/sh+51,632$955,192→ 141,170 total - Tax Payment
Common Shares
2013-05-01$32.55/sh−29,349$955,310→ 111,821 total - Exercise/Conversion
Warrants (right to buy)
2013-05-01−51,632.03→ 0 totalExercise: $18.50Exp: 2015-12-15→ Common Shares (51,632.03 underlying) - Disposition to Issuer
Common Shares
2013-05-01−111,821→ 0 total
Footnotes (3)
- [F1]Warrants exercised pursuant to a cashless exercise in which 29,349 shares were withheld to pay the exercise price based on a per share price of $32.55, which equaled the last reported sale price for the common shares of Alterra Capital Holdings Limited (the "Issuer") as reported on NASDAQ Global Select Market on April 30, 2013. Cash was paid in lieu of fractional shares of the Issuer in the cashless exercise based on the average (weighted by daily trading volume) of the last reported price for the Issuer on NASDAQ Global Select Market for each of the 20 consecutive trading days immediately prior to the exercise of the warrant. In addition, the Issuer paid out certain accrued dividends in cash upon the exercise of the warrants.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 18, 2012 (the "Merger Agreement") between the Issuer, Markel Corporation ("Markel") and Commonwealth Merger Subsidiary Limited in exchange on a per share basis for (i) the amount of shares of Markel common stock equal to the number of shares of Issuer common stock multiplied by 0.04315 plus (ii) $10.00 in cash, without interest, together with any cash paid in lieu of fractional shares relating to each award and form of ownership. Of the shares of common stock of the Issuer exchanged, 14,000 shares represented restricted stock that automatically vested upon the closing of the transactions contemplated by the Merger Agreement.
- [F3]All warrants are immediately exercisable.
Documents
Issuer
ALTERRA CAPITAL HOLDINGS Ltd
CIK 0001141719
Entity typeoperating
Related Parties
1- filerCIK 0001141719
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 4:56 PM ET
- Size
- 11.5 KB